Carnival (NYSE:CCL) is scheduled to post its quarterly earnings results before the market opens on Thursday, March 22nd. Analysts expect Carnival to post earnings of $0.43 per share for the quarter. Carnival has set its Q1 guidance at $0.37-0.41 EPS and its FY18 guidance at $4.00-4.30 EPS.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect Carnival to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Carnival (NYSE:CCL) traded up $0.09 during trading on Friday, hitting $66.82. The company had a trading volume of 287,666 shares, compared to its average volume of 3,004,822. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival has a fifty-two week low of $57.09 and a fifty-two week high of $72.70. The company has a market capitalization of $35,768.13, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80.
In other news, General Counsel Arnaldo Perez sold 15,166 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $71.66, for a total value of $573,280.00. Following the transaction, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,320,069. The disclosure for this sale can be found here. Insiders have sold a total of 339,364 shares of company stock valued at $22,830,561 over the last 90 days. Corporate insiders own 23.80% of the company’s stock.
CCL has been the subject of a number of research analyst reports. Zacks Investment Research cut Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on Carnival and gave the stock a “hold” rating in a report on Tuesday, December 12th. SunTrust Banks reissued a “buy” rating and set a $84.00 price objective (up from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their price objective on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $73.84.
Carnival Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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